Core Capital Management & Research inc. Purchases Shares of 10,460 L3Harris Technologies Inc $LHX

Core Capital Management & Research inc. acquired a new stake in shares of L3Harris Technologies Inc (NYSE:LHX) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 10,460 shares of the company’s stock, valued at approximately $2,784,000. L3Harris Technologies makes up about 1.5% of Core Capital Management & Research inc.’s investment portfolio, making the stock its 24th largest position.

A number of other hedge funds and other institutional investors have also made changes to their positions in LHX. Sequoia Financial Advisors LLC raised its holdings in shares of L3Harris Technologies by 10.7% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 66,606 shares of the company’s stock worth $19,355,000 after purchasing an additional 6,414 shares in the last quarter. MCF Advisors LLC grew its position in L3Harris Technologies by 43.4% in the second quarter. MCF Advisors LLC now owns 486 shares of the company’s stock worth $141,000 after buying an additional 147 shares during the last quarter. National Pension Service grew its position in L3Harris Technologies by 4.3% in the second quarter. National Pension Service now owns 315,625 shares of the company’s stock worth $91,717,000 after buying an additional 12,951 shares during the last quarter. Engineers Gate Manager LP increased its holdings in shares of L3Harris Technologies by 409.7% in the second quarter. Engineers Gate Manager LP now owns 13,029 shares of the company’s stock valued at $3,786,000 after buying an additional 10,473 shares in the last quarter. Finally, Capital Analysts LLC increased its holdings in shares of L3Harris Technologies by 1.9% in the second quarter. Capital Analysts LLC now owns 54,905 shares of the company’s stock valued at $15,955,000 after buying an additional 1,019 shares in the last quarter. 84.76% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Susquehanna reduced their price objective on L3Harris Technologies from $410.00 to $350.00 and set a “positive” rating for the company in a research note on Friday, July 31st. Jefferies Financial Group lowered L3Harris Technologies from a “buy” rating to a “hold” rating and set a $315.00 target price on the stock. in a research report on Wednesday, August 26th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of L3Harris Technologies in a report on Tuesday, August 18th. UBS Group dropped their price target on L3Harris Technologies from $312.00 to $298.00 and set a “neutral” rating on the stock in a research note on Monday, August 3rd. Finally, BNP Paribas Exane cut their price objective on L3Harris Technologies from $330.00 to $310.00 and set a “neutral” rating on the stock in a report on Thursday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, L3Harris Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $360.45.

L3Harris Technologies Trading Down 2.0%

NYSE LHX opened at $250.72 on Thursday. L3Harris Technologies Inc has a twelve month low of $250.28 and a twelve month high of $379.23. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.03 and a current ratio of 1.18. The stock has a market cap of $46.69 billion, a price-to-earnings ratio of 25.32, a PEG ratio of 1.63 and a beta of 0.50. The firm’s 50 day moving average price is $280.60 and its two-hundred day moving average price is $312.64.

L3Harris Technologies (NYSE:LHX) last announced its earnings results on Wednesday, July 29th. The company reported $3.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.80 by $0.33. The company had revenue of $5.88 billion for the quarter, compared to the consensus estimate of $5.81 billion. L3Harris Technologies had a net margin of 8.17% and a return on equity of 10.96%. The company’s revenue was up 8.4% on a year-over-year basis. During the same period in the previous year, the business earned $2.78 EPS. L3Harris Technologies has set its FY 2026 guidance at 11.800-12.000 EPS. Equities analysts anticipate that L3Harris Technologies Inc will post 11.88 EPS for the current year.

L3Harris Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Friday, September 4th will be paid a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Friday, September 4th. L3Harris Technologies’s dividend payout ratio is currently 50.51%.

Key Headlines Impacting L3Harris Technologies

Here are the key news stories impacting L3Harris Technologies this week:

• Positive Sentiment: Major PAC-3 contract: L3Harris received a $4.7 billion, seven-year contract from Lockheed Martin to produce propulsion systems for PAC-3 Missile Segment Enhancement interceptors. The award is the company’s largest PAC-3 propulsion contract to date and should provide substantial backlog visibility, supporting missile-defense revenue and planned manufacturing-capacity expansion. L3Harris PAC-3 propulsion contract
• Positive Sentiment: Counter-drone opportunity: The U.S. Navy selected L3Harris’ VAMPIRE system for littoral counter-drone defense. The decision strengthens the company’s position in the growing counter-unmanned-aircraft market and could lead to additional procurement opportunities. U.S. Navy selects L3Harris VAMPIRE
• Positive Sentiment: Solid operating performance: L3Harris’ latest reported quarter exceeded expectations, with earnings of $3.13 per share versus a $2.80 consensus estimate and revenue of $5.88 billion versus $5.81 billion expected. Revenue increased 8.4% year over year, while full-year 2026 EPS guidance is $11.80-$12.00. L3Harris contract and quarterly growth
• Neutral Sentiment: Management’s presentation at the Jefferies Global Industrials Conference may provide additional detail on program execution, demand and guidance, but no material new financial target is identified in the supplied information. L3Harris Jefferies conference transcript
• Negative Sentiment: Analyst downgrade: Melius Research cut LHX from “Buy” to “Hold,” potentially limiting near-term upside after the recent defense-contract gains.
• Negative Sentiment: Legal overhang: Pomerantz LLP announced an investigation into potential claims on behalf of L3Harris investors. Although the announcement does not establish wrongdoing, it adds headline and litigation risk. Pomerantz L3Harris investor investigation

About L3Harris Technologies

L3Harris Technologies, Inc is a global aerospace and defense technology company that develops products and systems for government and commercial customers. Its offerings support communications, intelligence, surveillance and reconnaissance, electronic warfare, space operations, missile defense, and other mission-critical applications.

The company provides tactical radios and networking equipment, secure communications systems, sensors, avionics, electronic warfare solutions, space payloads and platforms, and related command-and-control technologies.